Sri Lanka reduces amount of holding foreign currency to USD 10K

Jun 25, 2022

Colombo [Sri Lanka], June 25 : Amid the looming economic crisis, Sri Lanka on Saturday limited the amount of foreign currency an individual can...

Fitch assigns Wipro first-time A-minus IDR

Jun 15, 2021

Singapore, June 15 : Fitch Ratings has assigned Wipro Ltd long-term foreign and local currency issuer default ratings and foreign currency senior unsecured rating...

RBI launches twin USD-INR forex swap facilities to attract foreign currency inflows and support external financing

Jun 08, 2026

The Reserve Bank of India (RBI) announced two special US Dollar-Rupee forex swap facilities--one for fresh Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits and another...

ED seizes Rs 5.84 crore in cash, gold and silver in Ahmedabad raids under FEMA

Feb 25, 2026

The seized currency comprises Indian currency to the tune of Rs 1.01 crore, foreign currency having INR equivalent of 33.34 lakh, 16 gold bars,...

Moody's downgrades India's ratings to Baa3, maintains negative outlook

Jun 02, 2020

New York, June 2 : Moody's Investors Service has downgraded India's foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2 and local-currency senior...

PNB decides FCNR(B) deposit rates up to 6.10% after RBI measures, expects USD 2.5 bn mobilisation

Jun 10, 2026

Punjab National Bank (PNB) has announced revised Foreign Currency Non-Resident (Bank) [FCNR(B)] deposit rates of up to 6.10 per cent following the Reserve Bank...